• ALROSA’s new President Sergey Ivanov led a senior delegation from the Russian diamond miner to Antwerp today to get acquainted with their partners at the Antwerp World Diamond Centre.

  • Russia’s repository treasury Gokhran will buy diamonds worth $76.68 million (5 billion rubles) in order to replenish the state fund of precious metals and precious stones in 2016, Deputy Finance Minister Alexei Moiseyev told reporters Friday. “Gokhran will buy diamonds worth 5 billion rubles. The combined limit of the state fund’s formation (envisaged by the 2016 budget) is 12 billion rubles, but 7 billion rubles are reserved for now,” he said. The government planned to spend the 7 billion rubles on purchases of gold and other precious metals.

  • Russia’s Finance Ministry plans to hold an open auction at the State Treasury Gokhran to sell special diamonds weighing over 10.8 carats to domestic companies on April 14, the Gokhran said Thursday in a statement on its website. Bids for the auction will be collected until March 11, and a company may file only one bid. A participant also has to make a 60,000-ruble ($787) down payment. The diamonds on sale will be displayed until April 4.